Ringing a new bell: Pacific Telesis Group said its...

April 16, 1992

Ringing a new bell: Pacific Telesis Group said its directors will consider an unprecedented proposal to separate and spin off its Bell operating companies in an effort to boost value for its stockholders. Pac Tel, one of the seven regional Bell companies created by the 1984 breakup of AT&T, said it is studying a plan to spin off its Pacific Bell, Nevada Bell and Pacific Bell Directory units to stockholders. If it goes through with the plan, it would become the first Bell company to break into smaller units to adapt to the changing marketplace in telecommunications and information.